Binance Coin / Dollar may rise to 602.1 - 606.9

583.0 is our pivot point.

Our preference

The upside prevails as long as 583 is support.

Alternative scenario

Below 583.0, expect 574.9 and 570.1.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 585.1 and 588.3).

Supports and resistances

616.6 **

611.8 *

606.9 **

602.1

590.6 last

586.2

583.0 **

574.9 *

570.1 **

Number of asterisks represents the strength of support and resistance levels.